Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Raul Fletes borrowed $9,500 on a 300th day note that required ordinary interest at 11.7?%. Raul paid $4,750 on the note on the 200th day. How much interest did he save by making the partial? payment?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92851183
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Basic Finance

Why was it a problem for elon musk to tell the public that

Why was it a problem for Elon Musk to tell the public that he was intending to make Tesla private?

Lets say there are 10000 lawyers in the usa and 500 of them

Let's say there are 10,000 lawyers in the USA and 500 of them are Oreo cookie lovers. These 500 lawyers consume a total of 500 Oreo cookies in a given time period out of 2,000 cookies sold. What is the BDI for Oreo cooki ...

Current assets1350total assets2500operating

Current Assets$1,350 Total Assets$2,500 Operating Profit$475 Debt$975 Net Income$300 Inventory$450 Cost of Goods Sold$525 Sales$1,350 Current Liabilities$800 Total Equity$1,525 Total Liabilities and owners equity$2,500 C ...

The conversion price of a 100 par convertible preferred

The conversion price of a $100 par convertible preferred stock is $25. If this convertible has a conversion value of $64 per share, What is the common stock price?

The required rate of return on a certain bond changes from

The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from $900 to $1,100. Determine the bond's price elasticity.

What is the macaulay duration of a 2-year coupon bond with

What is the Macaulay duration of a 2-year coupon bond with a face value of $1000, a yearly coupon rate of 8% and a YTM of 10%?

A work-at-home opportunity is available in which you will

A work-at-home opportunity is available in which you will receive 3 percent of the sales for customers you refer to the company. The cost of your "franchise fee" is $600. How much would your customers have to buy to cove ...

Describe how ikea grows and protects its core business and

Describe how IKEA grows and protects its core business? and what are the important decisions that IKEA must make in developing branding strategy

You have joined up with two partners george and joe to

You have joined up with two partners, George and Joe, to start a new computer equipment distributorship. Each partner invested $50,000, and you have been elected to actively manage the business. George is not active in t ...

Why might a firm announcing it will borrow more be taken as

Why might a firm announcing it will borrow more be taken as a good news signal?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As